Dominator83 wrote:dougthonus wrote:Infinity2152 wrote:You must be rich, bro.$6,000,000 at a conservative 4% return is $240,000/yr without doing anything. Put it in the SPY and average 6% to %10, that could be as much as $600,000 without any additional outside earnings or investments for life. That $10 mill is added to what he's already earned as an NFL backup, hope he's not in debt already, lol.
I explained in much greater detail later, but the problem isn't that you couldn't live off that money if you knew exactly what you were doing and planned on it to be the only money you will ever have. That would be relatively easy. The problem is fundamentally no one looks at the problem that way, and even decisions that don't seem extravagant in the moment end up being extravagant if this is the bulk of your career earnings.
Yea and he already in his post-signing pressor was talking about helping people from his town. Not the best thing when your still not secure beyond this contract just yet
Depends what he means by "helping". 10K here or there isn't going to make much of a dent. But he can't say yes to everyone, and I know that will be hard, and probably cause some hard feelings. I hope people in his hometown realize he's not Michael Jordan rich.
